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Buckeye Technologies Inc Q3 adjusted earnings Beat Estimates

Buckeye Technologies Inc (BKI) revealed earnings for its third quarter that climbed from the same period last year.

The company's earnings came in at $43.0 million, or $0.29 per share. This compares with $14.7 million, or $0.21 per share, in last year's third quarter.

Excluding items, Buckeye Technologies Inc reported adjusted earnings of $71.3 million or $0.48 per share for the period.

Analysts had expected the company to earn $0.45 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.8% to $281.7 million from $263.8 million last year.

Buckeye Technologies Inc earnings at a glance:

-Earnings (Q3): $71.3 Mln. vs. $54.3 Mln. last year.
-EPS (Q3): $0.48 vs. $0.36 last year.
-Analysts Estimate: $0.45
-Revenue (Q3): $281.7 Mln vs. $263.8 Mln last year.

Full year EPS guidance: $1.82 - $1.85
Full year revenue guidance: $1,113 - $1,118 Mln

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